Rest Less, a Social Enterprise Startup Focussed on the Over 50s, Raises £3 million in Seed Funding
by Startacus Admin
Major investment for 'Rest Less', the jobs, volunteering, advice and money information site for the over 50s
Investment news from Rest Less, a social enterprise startup offering jobs, volunteering and guidance for the over 50s, with the announcement that it has just raised £3 million in seed funding. 
Rest Less launched in December 2018 as an online platform, specifically targeted at the growing population of over 50s. It offers fulfilling opportunities to work, volunteer or find a new career path. Since launch, Rest Less has been on a mission to raise awareness of the challenges faced by this demographic in the workplace.
The investment round was led by QED Investors, a leading boutique venture capital firm based in the US. There was also participation from 1818 Venture Capital alongside a number of angel investors. Early investors in Rest Less include Octopus Ventures.
The investment will be used to continue to build and enhance the Rest Less platform and expand quality services to its users.
%20(1).jpg "Stuart Lewis")
Stuart Lewis, Founder and Chief Executive Officer at Rest Less, commented:
“We are excited to improve and grow the Rest Less platform so we can help more over 50s in the workplace, but also in other areas of their lives. Since launch, we have worked hard to raise awareness of the challenges our audience face, as well as highlighting the many positives they can bring to the workplace and wider society.
‘We want to help this under-served, and under-represented group of individuals navigate the challenging and ever changing employment landscape - as well as helping them to find broader mental and financial well being as a result.”
Yusuf Ozdalga, Partner at QED Investors, added:
“Society is ageing and the employment and financial services landscape for the over 50s is changing with it. This demographic is chronically underserved, which brings exciting business opportunities for those who understand the audience, and who are focussed on helping them achieve what is important to them. Rest Less stood out to QED as a business squarely focussed on championing the needs of its audience and raising awareness of the issues they face. With demographic trends on its side, Rest Less offers that perfect intersection of an exciting business opportunity with a strong social purpose at its core.”
With 20 million adults in the UK aged between 50 and 74 and with 80% of the growth in employment over the last decade coming from the over 50s, we reckon that Rest Less is most certainly one to watch.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Black Young Professional Network, aka BYP Network will hit and surpass their Seedrs £500k funding round target.
Sustainable reward scheme Bagboard, a first-of-its-kind advertising platform for planet-friendly brands launches £600k funding round
The London-based startup that's disrupting the insurance industry by its collective-based model for cycling insurance
More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
Eppik is a smart family photo sharing platform that helps families reconnect through their shared photo heritage
New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
In this article, we’ll be exploring how new users can build their first Magento store and drive it towards online dominance.
BOOP, an innovative software education platform for children with special education needs, gains COVID-19 response funding of £50k via Innovate UK
Published on: 9th March 2020
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- More than half of employees concerned about returning to work 2nd Jul 2020 More than half of employees concerned about returning to work and majority of employees NOT comfortable using public transport
- GCHQ Innovation Co-Lab seeks startups harnessing data science, machine learning and AI 2nd Jul 2020 The GCHQ Innovation Co-Lab is on the hunt for companies harnessing data science, machine learning and AI techniques to create real products and solutions.
- Ten Years On: 30% Club Sets New Targets 1st Jul 2020 New targets set by 30% Club aimed at achieving both gender diversity and fully inclusive cultures on FTSE Boards, Executive Committees and Chair Appointments
- Xero’s Roadmap to Recovery manifesto launched 1st Jul 2020 Xero’s Roadmap to Recovery manifesto launched as new data confirms impact of COVID-19 on UK small business revenue and employment
